APPLIANCES maker Concepcion Industrial Corp. (CIC) plans to spend P250 million to P300 million this year for new products and physical assets to boost its business amid strong momentum in the market.
“This year we’re allocating, in terms of basic physical allocation, roughly about P250 to P300 million. That includes new products, facilities and factories,” Raul Joseph Concepcion, chief executive officer and president of CIC, told reporters in a media briefing in Makati City on Wednesday.
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